Ecotricity plans energy storage project

Power company Ecotricity has unveiled plans for its first energy storage project.

The firm will install a 2.5MW battery that will be charged during off-peak hours and then feed electricity back into the grid during periods of peak demand.

Dale Vince, Ecotricity’s founder, said: “This is a trial project for us – and we’re going to learn a lot about energy storage and how it can help us.”

> Read Ecotricity's announcement

 Plaid Cymru pledges to set up Welsh energy firm

The Welsh national party has called for the creation of a publicly-owned energy company to reduce energy prices and tackle climate change.

Plaid Cymru said that “Ynni Cymru” or “Energy Wales” should be a not-for-profit organisation modelled on Welsh Water.

Simon Thomas, Plaid Cymru’s spokesman on energy, climate change and rural affairs, said: “In Wales, we generate more electricity than we consume and yet we have some of the highest electricity costs in Europe.”

> View Plaid Cymru's announcement

Atlantis raises £4m

Atlantis Resources, the tidal stream turbine developer company behind the Meygen project in the Pentland Firth, has raised £4.05 million.

The company, which is quoted on the Alternative Investment Market, issued nine million shares, enlarged its share capital by about 7%.

The funds will be used to fund MeyGen, pay down debt, identify and develop further opportunities, and for general working capital.

> See Atlantis Resources' announcement

Vattenfall in wind farm battery storage deal

Swedish power company Vattenfall is to install a 22MW battery storage system at its 228MW Pen y Cymoedd wind farm in Wales.

The battery will supply power to National Grid under the system operator’s Enhanced Frequency Response scheme.

Gunnar Groebler, Vattenfall’s Head of Business Area Wind, said: “We have ambitions for more batteries at our wind farm sites across Europe.

> View Vattenfall's announcement

Dong focuses on low carbon after oil and gas sale

Danish power company Dong Energy has sold its oil and gas exploration and production business to chemicals giant Ineos for $1 billion (£810 million).

Chief Executive Henrik Poulsen said: “The transaction completes the transformation of Dong Energy into a leading, pure play renewables company.”

Dong had unveiled plans to sell its oil and gas business last year.

> See Dong's statement